Banning Cash Is the Scariest New IdeaGuest Post
Banning Cash Is the Scariest New Keynesian Idea
I wrote yesterday that governments want to eliminate cash in order to make it easier to squeeze more money from taxpayers.
But that’s not the only reason why politicians are interested in banning cash - paper money and coins.
They also are worried that paper money inhibits the government’s ability to “stimulate” the economy with artificially low interest rates. Simply stated, they’ve already exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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